Warner Bros. Discovery is reportedly buying “Batman: The Caped Crusader” after it shelved a slew of animated initiatives amid steep cost-cutting on the firm.
Media giants like Netflix, Apple and Hulu want to scoop up the Bruce Timm and JJ Abram-directed flick, which pulls inspiration from DC Comedian’s Batman franchise, in line with The Hollywood Reporter. Leisure web site The Direct floated Disney as a potential bidder, too.
Warner Bros. Discovery, Disney, Apple, Netflix and Hulu didn’t return requests for remark.
“Batman: The Caped Crusader” from JJ Abrams is being shopped to rival media shops.HBO Max/Cartoon Community
Warner Bros. Discovery not too long ago yanked six animated initiatives that have been earmarked for its streaming service HBO Max, together with “Did I Do That to the Holidays: A Steve Urkel Story,” an animated “Household Issues” spinoff; two “Looney Tunes” options, and the high-profile “Caped Crusader.”
Initially, the “Caped Crusader” was slated to air on Warner Bros. Discovery’s HBO Max and Cartoon Community, however that was earlier than Discovery and WarnerMedia merged this yr and CEO David Zaslav promised to chop $3 billion by 2024.
As a part of its plan to shore up prices, the corporate will unload initiatives to rivals, a technique that has been a part of its playbook for a while. Previously, Warner Bros. offered many exhibits it made, together with “Mates” and “Recent Prince of Bel-Air,” which aired on NBC. It additionally made “Two and a Half Males” and “Large Bang Idea” for CBS, and “The O.C.” for Fox.
Zaslav has been making information in current weeks for his swift price slashing. The CEO, who is thought for his working chops, axed over 36 initiatives. Whereas it’s not clear what number of initiatives will likely be shopped round, the exec drew criticism over his resolution to chop “Batgirl,” the DC Comics-inspired film starring Leslie Grace.
Previously, Warner Bros. has produced, offered or licensed exhibits for rival media corporations to be able to generate income. SOPA Photographs/LightRocket through Gett
Discovery and WarnerMedia merged this yr and CEO David Zaslav promised to chop $3 billion by 2024.Getty Photographs
The $90 million movie, which was set to hit theaters and HBO Max, was canceled, which means it’ll by no means be seen. Lately, Zaslav mentioned he didn’t “imagine within the movie” and that it was not anticipated to do nicely within the field workplace. The choice to tug it was made so the corporate might take a tax write-off, in line with experiences.